Oracle's Ellison Dumps Musk Briefly, Becomes World's Richest Person Overnight | Firstpost America

Larry Ellison, co-founder and chairman of Oracle, briefly overtook Elon Musk to become the world’s richest person. According to the Bloomberg Billionaires Index, Ellison’s net worth surged to $393 billion, while Musk’s declined to $385 billion. This reversal wasn’t gradual—it happened almost overnight. Oracle shares jumped 42% in a single day, fueling what is now the largest single-day wealth gain in history: Ellison gained a staggering $101 billion in just one session. According to reports, the centerpiece of Oracle's success is a landmark deal signed earlier this summer with ChatGPT operator OpenAI. The contract, described as "unprecedented," provides OpenAI with 4.5 gigawatts of data center capacity. Oracle also counts Nvidia and ByteDance's TikTok among its major cloud customers. The company also projected record growth for 2025–2026, sending investor confidence soaring.

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Larry Ellison | Oracle | Elon Musk | Richest Man | Firstpost America | Eric Ham | War | Geopolitics | Global Economy | Firstpost | World News | Latest News | Global News | International News | Trending News

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